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Healthcare Provider Update: Healthcare Provider for Boston Properties Boston Properties, a prominent real estate investment trust, typically offers its employees a range of health insurance options through various providers. Among the main insurers likely to serve its workforce are UnitedHealthcare, Anthem, and Aetna, which already operate substantial networks in the regions where Boston Properties is active. Potential Healthcare Cost Increases in 2026 In 2026, Boston Properties employees can expect significant increases in healthcare costs, primarily driven by anticipated hikes in Affordable Care Act (ACA) marketplace premiums. With some states reporting increases of over 60%, the loss of enhanced federal premium subsidies is expected to adversely affect the majority of marketplace enrollees. This may result in out-of-pocket premium costs rising by as much as 75% for many individuals. Employees of Boston Properties should proactively assess their health insurance options and prepare for these potentially steep costs as they plan for their upcoming healthcare needs. Click here to learn more
In the past, retirement has been portrayed as an ending, a grand exit from your years in the workplace. But the rules are shifting. Labor force participation among those aged 65-74 is predicted to reach 32 percent by 2022, up from just 20 percent in 2002.(1) As the Boomer generation ages, more people are viewing retirement as an opportunity to enjoy the rewards of work in a whole new way. Read on to discover some of the benefits you can enjoy after you retire from Boston Properties.
1. Mental Benefits
Working during your Boston Properties retirement can help maintain mental agility as you learn new skills. Staying engaged in work helps build 'mental muscle,' which can lessen the risk of developing dementia and Alzheimers(2) and ward off the signs of aging.
2.. Physical Benefits
Staying active during your Boston Properties retirement years is crucial for continued health. Whether you choose to work full-time or volunteer a few days a week, engaging in some form of work will keep your body moving, and give you opportunities to stay balanced, strong, and healthy.
3. Financial Benefits
Besides the obvious extra income, working during your Boston Properties retirement may allow you to delay taking Social Security benefits. For every year you wait to take Social Security, your benefits can increase by an average of 8 percent annually.(3) Finding a strategy that works for you can truly pay off.
4. Emotional Benefits
Studies have shown that a sense of purpose has been found to lengthen lifespan and quality of life.4 Working on something you care about, starting a new business, or mentoring others in the workplace can ward off depression and provide a healthy sense of fulfillment and direction in your years or retirement from Boston Properties.
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- 401K, Social Security, Pension – How to Maximize Your Options
- Have You Looked at Your 401(k) Plan Recently?
- 11 Questions You Should Ask Yourself When Planning for Retirement
- Worst Month of Layoffs In Over a Year!
- Corporate Employees: 8 Factors When Choosing a Mutual Fund
- Use of Escrow Accounts: Divorce
- Medicare Open Enrollment for Corporate Employees: Cost Changes in 2024!
- Stages of Retirement for Corporate Employees
- 7 Things to Consider Before Leaving Your Company
- How Are Workers Impacted by Inflation & Rising Interest Rates?
- Lump-Sum vs Annuity and Rising Interest Rates
- Internal Revenue Code Section 409A (Governing Nonqualified Deferred Compensation Plans)
- Corporate Employees: Do NOT Believe These 6 Retirement Myths!
- 401K, Social Security, Pension – How to Maximize Your Options
- Have You Looked at Your 401(k) Plan Recently?
- 11 Questions You Should Ask Yourself When Planning for Retirement
- Worst Month of Layoffs In Over a Year!
5. Social Benefits
One of the risks associated with retirement is increased isolation, which in terms of its impact on your health, has been equated with smoking nearly a pack of cigarettes a day.5 Working with others reduces this risk, giving you a chance to build connections and enjoy meaningful interactions.
Sources
1. AARP.org, February/March 2015
2. Forbes, 2017
3. Social Security Administration, 2017
4. Association for Psychological Science, 2017
What type of retirement savings plan does Boston Properties offer to its employees?
Boston Properties offers a 401(k) retirement savings plan to its employees.
Does Boston Properties match employee contributions to the 401(k) plan?
Yes, Boston Properties provides a matching contribution to employee contributions made to the 401(k) plan, subject to certain limits.
What is the eligibility requirement for Boston Properties employees to participate in the 401(k) plan?
Employees of Boston Properties are generally eligible to participate in the 401(k) plan after completing a specified period of service.
Can Boston Properties employees choose how their 401(k) contributions are invested?
Yes, employees at Boston Properties can choose from a variety of investment options for their 401(k) contributions.
Is there a vesting schedule for the employer match in the Boston Properties 401(k) plan?
Yes, Boston Properties has a vesting schedule for employer matching contributions, which outlines how long employees must work to fully own those contributions.
What are the contribution limits for the Boston Properties 401(k) plan?
The contribution limits for the Boston Properties 401(k) plan align with the IRS limits, which may change annually.
Can Boston Properties employees take loans against their 401(k) savings?
Yes, Boston Properties allows employees to take loans against their 401(k) savings, subject to the plan’s terms and conditions.
How can Boston Properties employees access their 401(k) account information?
Employees can access their 401(k) account information through the designated online portal provided by Boston Properties’ plan administrator.
Does Boston Properties offer a Roth 401(k) option?
Yes, Boston Properties offers a Roth 401(k) option, allowing employees to make after-tax contributions.
What happens to a Boston Properties employee's 401(k) account if they leave the company?
If a Boston Properties employee leaves the company, they can choose to roll over their 401(k) account to another retirement account or leave it with Boston Properties, subject to the plan's rules.
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5. BenefitsPRO, 2017